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The Warsaw Voice » Business » May 13, 2014
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Energa Q1 results way above expectations
May 13, 2014   
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Poland's power group Energa posted a net profit of PLN 319.7 million in Q1 2014, as compared to forecast PLN 244 million net take and PLN 192 million profit in the corresponding period of 2013, the group said in the quarterly report out Monday.

EBIT of PLN 445.7 million was up by almost 58% and above expectations for PLN 376 million.

The group showed tight cost control. Cost of goods sold fell by 12.6% year on year, double the pace of revenue decline. Cost of sales fell 22.4% to PLN 54.7 million, overhead costs also declined, by 6.1% to PLN 87.8 million.
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